Concentric Wealth Management LLC cut its stake in shares of General Dynamics Corporation (NYSE:GD) by 1.6% during the second quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 1,536 shares of the aerospace company’s stock after selling 25 shares during the quarter. Concentric Wealth Management LLC’s holdings in General Dynamics Corporation were worth $304,000 at the end of the most recent quarter.
Several other large investors also recently bought and sold shares of the company. Ruggie Capital Group acquired a new stake in General Dynamics Corporation in the 1st quarter valued at about $119,000. Zions Bancorporation grew its stake in General Dynamics Corporation by 0.5% in the 1st quarter. Zions Bancorporation now owns 732 shares of the aerospace company’s stock valued at $137,000 after acquiring an additional 4 shares during the last quarter. Global X Management Co. LLC grew its stake in General Dynamics Corporation by 59.8% in the 1st quarter. Global X Management Co. LLC now owns 759 shares of the aerospace company’s stock valued at $142,000 after acquiring an additional 284 shares during the last quarter. Central Bank & Trust Co. grew its stake in General Dynamics Corporation by 5.7% in the 2nd quarter. Central Bank & Trust Co. now owns 922 shares of the aerospace company’s stock valued at $183,000 after acquiring an additional 50 shares during the last quarter. Finally, First Command Bank grew its stake in General Dynamics Corporation by 31.3% in the 2nd quarter. First Command Bank now owns 952 shares of the aerospace company’s stock valued at $189,000 after acquiring an additional 227 shares during the last quarter. 86.19% of the stock is currently owned by institutional investors and hedge funds.
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General Dynamics Corporation (GD) opened at 199.00 on Wednesday. The stock’s 50 day moving average is $199.14 and its 200 day moving average is $196.12. The stock has a market capitalization of $59.66 billion, a price-to-earnings ratio of 19.66 and a beta of 0.71. General Dynamics Corporation has a one year low of $148.76 and a one year high of $205.90.
General Dynamics Corporation (NYSE:GD) last released its earnings results on Wednesday, July 26th. The aerospace company reported $2.45 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $2.43 by $0.02. General Dynamics Corporation had a return on equity of 28.17% and a net margin of 9.63%. The company had revenue of $7.68 billion for the quarter, compared to analysts’ expectations of $7.76 billion. During the same quarter in the previous year, the business posted $2.30 EPS. The business’s revenue for the quarter was down 1.3% on a year-over-year basis. On average, equities analysts forecast that General Dynamics Corporation will post $9.80 EPS for the current year.
The firm also recently announced a quarterly dividend, which will be paid on Friday, November 10th. Shareholders of record on Friday, October 6th will be paid a dividend of $0.84 per share. The ex-dividend date is Thursday, October 5th. This represents a $3.36 annualized dividend and a yield of 1.69%. General Dynamics Corporation’s dividend payout ratio (DPR) is presently 34.57%.
A number of equities research analysts recently commented on the stock. BidaskClub raised shares of General Dynamics Corporation from a “buy” rating to a “strong-buy” rating in a research note on Tuesday, July 25th. Royal Bank Of Canada reissued a “buy” rating and issued a $220.00 price objective on shares of General Dynamics Corporation in a research note on Friday, June 2nd. ValuEngine raised shares of General Dynamics Corporation from a “hold” rating to a “buy” rating in a research note on Friday, June 2nd. Jefferies Group LLC reissued a “buy” rating and issued a $220.00 price objective on shares of General Dynamics Corporation in a research note on Friday, July 7th. Finally, Cowen and Company reissued a “buy” rating and issued a $210.00 price objective on shares of General Dynamics Corporation in a research note on Monday, July 17th. Two research analysts have rated the stock with a sell rating, four have assigned a hold rating and eleven have given a buy rating to the company. The company currently has a consensus rating of “Buy” and a consensus price target of $206.59.
General Dynamics Corporation Profile
General Dynamics Corporation is a global aerospace and defense company. The Company offers a portfolio of products and services in business aviation; combat vehicles, weapons systems and munitions; information technology (IT) services and C4ISR (command, control, communications, computers, intelligence, surveillance and reconnaissance) solutions, and shipbuilding and ship repair.
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